As at March 31, 2018 As at March 31, 2017 Balance Sheet as at March 31, 2018 Note No. Rs. Lakhs Rs. Lakhs Rs. Lakhs Particulars ASSETS Non-current assets Property, plant and equipment 1.1 162.81 42.76 Capital work-in-progress 1.1 Intangible assets 1.2-0.25 Intangible assets under development 1.2 Financial Assets (i) Investments 1.3 (ii) Trade Receivables 1.4 (iii) Loans 1.5 (iv) Others 1.6 55.93 7.81 Deferred tax assets (net) 1.7 Non-current tax assets (net) 1.8 Other non-current assets 1.9 218.75 50.82 Current assets Inventories 1.10 1,490.68 183.25 Financial Assets (i) Investments 1.11 (ii) Trade Receivables 1.12 2,357.51 54.06 (iii) Cash and cash equivalents 1.13 152.48 68.29 (iv) Bank balances other than (iii) above 1.13 (v) Loans 1.14 (vi) Others 1.15 Current Tax Assets (net) 1.8 Other Current Assets 1.16 136.88 54.18 4,137.54 359.78 Assets classified as held for sale 1.17 TOTAL 4,356.28 410.60 EQUITY AND LIABILITIES Equity Equity Share capital 1.18 1,110.21 695.47 Other Equity 1.19 (737.54) (899.14) Liabilities 372.67 (203.67) Non-current liabilities Financial Liabilities (i) Borrowings 1.20 335.44 268.63 (ii) Other financial liabilites 1.21 Provisions 1.22 131.78 - Deferred tax liabilities (net) 1.7a Other non-current liabilities 1.23 467.22 268.63 Current liabilities Financial Liabilities (i) Borrowings 1.24 (ii) Trade Payables 1.25 3,435.27 290.49 (iii) Other financial liabilities 1.26 81.12 55.15 Other current liabilities 1.27 Provisions 1.28 Current Tax Liabilities (net) 1.29 3,516.39 345.65 Liabilities directly associated with assets classified as held for sale 1.17 TOTAL 4,356.28 410.60
Statement of Profit and Loss for the Period ended March 31, 2018 Year ended March 31, 2018 Year ended March 31, 2017 Particulars Note No. Rs. Lakhs Rs. Lakhs Rs. Lakhs Income Revenue from operations (including excise duty on sale of goods) 2.1 4,323.72 144.57 Other income 2.2 (9.36) 0.13 Total Income 4,314.37 144.70 Expenses Cost of materials and services consumed 2.3 2,733.22 0.47 Purchases of Stock-in-Trade - Traded goods 2.4 Changes in inventories of finished goods, stock-in-trade and work-in-progress 2.5 624.06 92.95 3,357.28 93.42 Excise Duty on sale of goods Employee benefits expense 2.6 313.77 162.29 Finance costs 2.7 17.40 13.16 Depreciation and amortisation expense 2.8 19.91 8.01 Other expenses 2.9 318.12 90.97 Total Expenses 669.21 274.43 Profit/ (Loss) before exchange gain/ (loss) on swap contracts, exceptional items and tax 287.88 (223.16) Exchange gain/ (loss) on swap contracts Profit/ (Loss) before exceptional items and tax 287.88 (223.16) Exceptional Items 2.10 287.88 (223.16) Profit/ (Loss) before extraordinary items and tax Extraordinary Items Profit/ (Loss) before tax 287.88 (223.16) Tax expense: Current tax Deferred tax Tax expense Profit for the year 287.88 (223.16) Other Comprehensive Income A (i) Items that will not be reclassified to Profit or Loss Remeasurement of Defined Benefit Plans Fair Value through OCI (ii) Income tax relating to items that will not be reclassified to Profit or Loss B (i) Items that will be reclassified to Profit or Loss The effective portion of gains and loss on hedging instruments in a cash flow hedge Translation difference (126.28) 121.13 (ii) Income tax relating to items that will be reclassified to Profit or Loss Total Other Comprehensive Income (126.28) 121.13
Statement of Changes in Equity for the year ended 31st March, 2018 A. Equity Share Capital Balance at the beginning of Mar 31, 2017 Changes in equity share capital during the year Rs. Lakhs Balance at the end of Mar 31, 2018 695.47 414.74 1,110.21 B. Other Equity Rs. Lakhs Reserves and Surplus Other comprehensive income Particulars Capital Reserve Securities Premium Reserve Debenture Redemption Reserve General Reserve Foreign currency monetary item translation difference Statutory Reserve ESOP Retained Earnings Foreign currency translation difference account Effective portion of Cash Flow Hedges Total Balance at the beginning of April 1, 2017 - (912.40) 13.25 (899.14) Added pursuant to business combination under common control - Profit for the year 287.88 287.88 Other comprehensive income - (126.28) (126.28) Total Comprehensive Income for the year - 287.88 (126.28) - 161.61 Dividends including tax thereon Employee Stock Option Outstanding Account Transfer to/from retained earnings Balance at the end of March 31, 2018 - (624.52) (113.02) - (737.54)
Cash Flow Statement for the period ended March 31, 2018 March 31, 2018 March 31, 2017 Rs. Lakhs Rs. Lakhs Cash flow from operating activities Profit for the year 287.88 (223.16) Adjustments for : Income tax expense recognised in Profit or Loss - Depreciation, amortisation and impairment - net of capitalisation 19.91 8.01 Net (gain) / loss recognized in P&L on financial Assets designated as at fair value through profit or loss Other amortisations Bad and doubtful debts / advances provided / written-off (net of recovery) Foreign exchange (gains) / losses (9.52) - Loss / (Profit) on disposal of tangible assets Loss / (Profit) on sale of investments Provision for diminution in value of long-term investments Commitment expense Share based Payment expenses Finance costs - net of capitalisation 17.40 13.16 Interest income Dividend income Operating profit before working capital changes 315.68 (201.99) Adjustments for changes in : Liabilities and provisions 3,302.52 219.15 Trade receivables (2,293.93) (54.06) Inventories (1,307.43) (129.52) Other non-current and current assets (130.81) (16.32) Related Party Loans and advances (given) / repaid (Net) - Cash generated from operations (429.65) 19.24 Income tax paid Net cash flow from operating activities [A] (113.97) (182.74) Cash flow from investing activities Payments for acquisition of assets (139.72) (5.14) Proceeds on sale of fixed assets Proceeds on sale of immovable properties - Exceptional item Proceeds from sale of non-current investments - Exceptional items Proceeds from sale of investments (net) Purchase of non-current investments Movement in other bank balances Inter Corporate Deposits - given Inter Corporate Deposits - repaid Interest received Dividend received Related Party Loans and advances (given) / repaid (Net) Net cash flow from investing activities [B] (139.72) (5.14) Cash flow from financing activities Proceeds from long-term borrowings 66.81 72.12 Repayments of long-term borrowings Proceeds from short-term borrowings Repayments of short-term borrowings Dividend paid and tax thereon 414.74 Finance cost paid (17.40) (13.16) Net cash flow (used in) financing activities [C] 464.15 58.96 Net cash Inflow [A+B+C] 210.46 (128.93) Opening cash and cash equivalents 68.29 76.09 Exchange fluctuation on foreign currency bank balances (126.28) 121.13 Closing cash and cash equivalents 152.48 68.29 Statement on Significant Accounting Policies and Notes to the Financial Statements are an integral part of this Cash Flow Statement.
1.1 PROPERTY, PLANT AND EQUIPMENT AND CAPITAL WORK IN PROGRESS (2017-18 - Rs. Lakhs) DESCRIPTION GROSS BLOCK (COST / VALUATION) DEPRECIATION / AMORTISATION / IMPAIRMENT NET BLOCK Exchange rate Exchange rate PROPERTY, PLANT AND EQUIPMENT 01.04.2017 Additions Adjustments Disposals 3/31/2018 difference difference Upto Exchange rate Charge during the Exchange rate Upto Disposals Adjustments 01.04.2017 difference year difference 3/31/2018 3/31/2018 Freehold land - - Buildings - Building given on lease - - Plant and equipment 37.45 (0.59) 2.08 98.39 137.34 9.44 (4.99) 10.37 0.73 15.56 121.78 Plant and equipment given on lease - 37.45 (0.59) 2.08 98.39 137.34 9.44 (4.99) 10.37 0.73 15.56 121.78 Furniture and fittings 4.27 0.46-1.59 6.32 4.12 0.18 0.21 0.01 4.51 1.81 Furniture and fittings given on lease - 4.27 0.46-1.59 6.32 4.12 0.18 0.21 0.01 4.51 1.81 Vehicles and aircraft - Vehicles given on lease - - Office Equipment 24.69 3.30 5.04 26.14 59.17 10.10 (0.04) 9.23 0.65 19.95 39.22 Office Equipment given on lease - 24.69 3.30 5.04 26.14 59.17 10.10 (0.04) 9.23 0.65 19.95 39.22 TOTAL 66.42 3.18 7.11 126.12 202.83 23.66 (4.85) 19.81 1.40 40.02 162.81 Capital Work in Progress -
1.1 PROPERTY, PLANT AND EQUIPMENT AND CAPITAL WORK IN PROGRESS (2017-18 - Rs. Lakhs) DESCRIPTION GROSS BLOCK (COST / VALUATION) DEPRECIATION / AMORTISATION / IMPAIRMENT NET BLOCK Exchange rate Exchange rate PROPERTY, PLANT AND EQUIPMENT 01.04.2016 Additions Adjustments Disposals 3/31/2017 difference difference Upto Exchange rate Charge during the Exchange rate Upto Disposals Adjustments 01.04.2016 difference year difference 3/31/2017 3/31/2017 Freehold land - - Buildings - Building given on lease - - Plant and equipment 37.48 (1.98) 2.08 (0.12) 37.45 6.86 (0.67) 3.45 (0.20) 9.44 28.01 Plant and equipment given on lease - 37.48 (1.98) 2.08 (0.12) 37.45 6.86 (0.67) 3.45 (0.20) 9.44 28.01 Furniture and fittings 4.77 (0.50) 4.27 4.56 (0.44) 4.12 0.16 Furniture and fittings given on lease - 4.77 (0.50) 4.27 4.56 (0.44) 4.12 0.16 Vehicles and aircraft - Vehicles given on lease - - Office Equipment 21.10 (1.16) 5.04 (0.29) 24.69 6.45 (0.54) 4.45 (0.26) 10.10 14.59 Office Equipment given on lease - 21.10 (1.16) 5.04 (0.29) 24.69 6.45 (0.54) 4.45 (0.26) 10.10 14.59 TOTAL 63.35 (3.64) 7.11 (0.41) 66.42 17.87 (1.65) 7.90 (0.46) 23.66 42.76 Capital Work in Progress -
1.2 INTANGIBLE ASSETS AND INTANGIBLE ASSETS UNDER DEVELOPMENT (2017-18 - Rs. Lakhs) DESCRIPTION GROSS BLOCK (COST / VALUATION) DEPRECIATION / AMORTISATION / IMPAIRMENT NET BLOCK INTANGIBLE ASSETS 01.04.2017 Exchange rate Exchange rate Additions Adjustments Disposals difference difference 3/31/2018 Computer software Upto Exchange rate Charge during the Exchange rate Upto Disposals Adjustments 3/31/2018 01.04.2017 difference year difference 3/31/2018 - Developed - - Acquired 2.43 (0.10) 2.33 2.18 0.04 0.10 0.01 2.33 - Technical knowhow - Developed - - Acquired - TOTAL 2.43 (0.10) 2.33 2.18 0.04 0.10 0.01 2.33 - Intangible assets under development -
1.2 INTANGIBLE ASSETS AND INTANGIBLE ASSETS UNDER DEVELOPMENT (2016-17 - Rs. Lakhs) DESCRIPTION GROSS BLOCK (COST / VALUATION) DEPRECIATION / AMORTISATION / IMPAIRMENT NET BLOCK INTANGIBLE ASSETS 01.04.2016 Exchange rate Exchange rate Additions Adjustments Disposals difference difference 3/31/2017 Computer software Upto Exchange rate Charge during the Exchange rate Upto Disposals Adjustments 3/31/2017 01.04.2016 difference year difference 3/31/2017 - Developed - - Acquired 2.69 (0.26) 2.43 2.29 (0.22) 0.11 (0.01) 2.18 0.25 Technical knowhow - Developed - - Acquired - TOTAL 2.69 (0.26) 2.43 2.29 (0.22) 0.11 (0.01) 2.18 0.25 Intangible assets under development -
1.3 NON-CURRENT INVESTMENTS DESCRIPTION As at March 31, 2018 As at March 31, 2017 Nos Rs. Lakhs Nos Rs. Lakhs I) Investment in Equity Instruments 1) Subsidiaries Sub Total Less: Impairment in Value of Investments - Aggregate of Impairment in Value of Investments Total Investment in Equity Instruments (Net) A II) Investment in Preference Shares 1) Associates 2) Joint Ventures 3) Others Total Investment in Preference Shares B III) Investment in Government Securities C IV) Investment in Debentures or Bonds Non convertible redeemable bonds of Rs. 10 Lakhs each D Total Non - Current Investments E=A+B+C+D
As at March 31, 2018 As at March 31, 2017 1.4 NON-CURRENT TRADE RECEIVABLES Rs. Lakhs Rs. Lakhs (Unsecured considered good) Trade receivables (Unsecured considered doubtful) Trade receivables Less: Allowance for doubtful debts
As at March 31, 2018 As at March 31, 2017 1.5 NON-CURRENT LOANS Rs. Lakhs Rs. Lakhs (Secured, considered good unless otherwise stated) Loan to customer under Financing Activities Loan to customer under Financing Activities (Doubtful) Less: Allowance for doubtful loans (Unsecured, considered good unless otherwise stated) Loan to customer under Financing Activities Loan to customer under Financing Activities (Doubtful) Less: Allowance for doubtful loans Loans to Related Parties: a) In foreign currency b) Others
As at March 31, 2018 As at March 31, 2017 1.6 OTHER NON-CURRENT FINANCIAL ASSETS Rs. Lakhs Rs. Lakhs (Unsecured, considered good) a) Security Deposits b) Receivable on sale of an undertaking of the Company's windmill business c) Others i. Employee advances ii. Other advances 55.93 7.81 iii. Advance to related parties iv. Others 55.93 7.81 55.93 7.81
As at March 31, 2018 As at March 31, 2017 1.7/ 1.7a DEFERRED TAX LIABILITIES (NET) Rs. Lakhs Rs. Lakhs a) Deferred tax liabilities b) Deferred tax (assets) c) MAT Credit entitlement Deferred tax liability / (assets) in relation to: (1) Property, plant and equipment (including Intangible assets) (2) Provisions for doubtful debts (3) Defined benefit obligation - Compensated Absence (4) Other Employee benefits - VRS (5) Other temporary differences (income tax disallowance, land indexation, loan raising expenses etc) Total
As at March 31, 2018 As at March 31, 2017 1.8 TAX ASSETS (NET) Rs. Lakhs Rs. Lakhs Non-Current: Advance income tax (net of provision) Current: Advance income tax (net of provision)
As at March 31, 2018 As at March 31, 2017 1.9 OTHER NON-CURRENT ASSETS Rs. Lakhs Rs. Lakhs a) Prepayments under operating leases b) Capital Advances i. Unsecured, considered good ii. Unsecured, considered doubtful Less: Allowance for doubtful advances c) Balances with customs, port trust, central excise etc. Unsecured, considered doubtful Less: Allowance for doubtful dues d) Others - Unsecured, considered good (unless otherwise stated) i. Material advance (doubtful) ii. VAT Credit iii. Sales tax paid under protest iv. Other advances (includes Prepaid expenses, etc.) Less: Allowance for doubtful advances -
As at March 31, 2018 As at March 31, 2017 1.10 INVENTORIES Rs. Lakhs Rs. Lakhs Rs. Lakhs (a) Raw materials and Components 826.23 132.14 (b) Work-in -progress (c) Finished goods 664.45 51.11 (d) Stock-in-trade - Traded goods (i) Commercial vehicles (ii) Spare parts and auto components (including works made) 1,490.68 183.25 (e) Stores, spares and consumable tools - 1,490.68 183.25
As at March 31, 2018 As at March 31, 2017 1.11 CURRENT INVESTMENTS Nos / % Rs. Lakhs Nos / % Rs. Lakhs a) Units in Mutual Fund - b) Investment in Shares - c) Investment in Debentures/ Bonds - Unquoted Investments Book Value Quoted Investments Book Value Market Value
As at March 31, 2018 As at March 31, 2017 1.12 TRADE RECEIVABLES Rs. Lakhs Rs. Lakhs Trade Receivables - Unsecured (i) Considered good 2,357.51 54.06 (ii) Considered doubtful - 2,357.51 54.06 Less: Allowance for doubtful debts - 2,357.51 54.06
As at March 31, 2018 As at March 31, 2017 1.13 CASH AND BANK BALANCES Rs. Lakhs Rs. Lakhs a. Cash and Cash Equivalents i) Balances with Banks in Current account 152.48 68.29 ii) Cheques, drafts on hand iii) Cash and stamps on hand iv) In Deposit accounts 152.48 68.29 b. Bank Balances other than (a) above Earmarked bank balance - Unclaimed Dividend accounts - in Deposit accounts - Margin money against bank guarantee Other bank balance - In Deposit accounts 152.48 68.29
As at March 31, 2018 As at March 31, 2017 1.14 CURRENT ASSETS - LOANS Rs. Lakhs Rs. Lakhs (Secured, considered good unless otherwise stated) Loan to customer under Financing Activities Loan to customer under Financing Activities (Doubtful) Less: Allowance for doubtful loans (Unsecured, considered good unless otherwise stated) Loan to customer under Financing Activities Loan to customer under Financing Activities (Doubtful) Less: Allowance for doubtful loans Loan to Related Parties In Foreign Currency Others Less: Allowance for doubtful loans
As at March 31, 2018 As at March 31, 2017 1.15 OTHER CURRENT FINANCIAL ASSETS Rs. Lakhs Rs. Lakhs (Unsecured, Considered Good unless otherwise stated) a) Interest accrued : - Loans to Related Parties - Others b) Security deposits c) Employee advances d) Receivable on sale of immovable properties / investments e) Derivatives not designated as hedging instruments carried at fair value f) Derivatives designated and effective as hedging instruments carried at fair value g) Earmarked Bank Balance in Escrow account (Receivable in respect of sale of long-term investment) h) Related Parties i. Advances in foreign currency ii. Doubtful iii. Others Less: Allowance for doubtful advances i) Intercorporate deposits j) Unbilled Revenue k) Others
As at March 31, 2018 As at March 31, 2017 1.16 OTHER CURRENT ASSETS Rs. Lakhs Rs. Lakhs (Unsecured, Considered Good unless otherwise stated) a) Prepayments under operating leases b) Advances to related parties c) Export incentive receivables d) Material advances i. Considered Good ii. Doubtful Less: Allowance for doubtful advances e) Balances with customs, port trust, central excise etc. f) Others 136.88 54.18 136.88 54.18
1.17 Held for sale As at March 31, 2018 As at March 31, 2017 Assets of disposal groups held for sale Rs.in Lakhs Rs.in Lakhs Liabilities associated with assets held for sale
1.17 Held for sale continued Calculation of Net Assets of the business held for sale: As at March 31, 2018 As at March 31, 2017 March 31, 2018 Goodwill Property, plant and equipment Capital work-in-progress Other Intangible Assets Other Non-current Financial Assets Other Non-current Assets Inventories Trade receivables Other Current Assets Other Current Financial Assets Cash and bank balances Less : Decrease in carrying amount to reflect recoverable amount Assets of the business classified as held for sale Non-current Borrowings Long-term provisions Other Non-current Liabilities Current Borrowings Trade payables Other Current Financial Liabilities Other Current Liabilities Short-term provisions Current tax liabilities Deferred tax liabilities Liabilities of the business associated with assets classified as held for sale Net assets of the business classified as held for sale
As at March 31, 2018 As at March 31, 2017 1.18 EQUITY SHARE CAPITAL Rs. Lakhs Rs. Lakhs Authorised a) Equity shares 1,110.21 695.47 1,110.21 695.47 Issued a) Equity shares 1,110.21 695.47 1,110.21 695.47 Subscribed and fully paid up a) Equity shares 1,110.21 695.47 1,110.21 695.47
As at March 31, 2018 As at March 31, 2017 1.19 OTHER EQUITY Rs. Lakhs Rs. Lakhs Rs. Lakhs a) Capital Reserve Balance as at the beginning of the period Add: Pursuant to business combination Balance as at the end of the period b) Securities Premium Account Balance as at the beginning of the period Add: Pursuant to business combination Add: Premium on issue of shares Less: Expenses incurred on issue of Shares Balance as at the end of the period c) Debenture Redemption Reserve Balance as at the beginning of the period Add: Transferred from Surplus in Statement of Profit and Loss Less: Transferred to Surplus in Statement of Profit and Loss Balance as at the end of the period d) General Reserve Balance as at the beginning of the period Add: Pursuant to business combination Less: Adjustment on account of Fixed Assets componentisation (net of Deferred tax Rs lakhs) Balance as at the end of the period e) Cash Flow Hedge Reserve Balance as at the beginning of the period Add: Unrealised gain / (loss) on cash flow hedges outstanding (net) Less: Gain / (Loss) on cash flow hedges recognised in the Statement of Profit and Loss upon settlement Less: Income Tax related to net gains / loss recognised in Other Comprehensive Income Balance as at the end of the period f) Foreign currency monetary item translation difference Balance as at the beginning of the period Add: Exchange difference on translation of outstanding loan balances Less: Exchange difference amortised in the Statement of Profit and Loss Balance as at the end of the period g) Foreign currency translation difference account Balance as at the beginning of the period 13.25 (107.88) Add: Exchange difference on translation of outstanding loan balances (126.28) 121.13 Less: Exchange difference amortised in the Statement of Profit and Loss Balance as at the end of the period - 113.02 13.25 h) Employee Stock Option Outstanding Account Balance as at the beginning of the period Add: Additions during the period Balance as at the end of the period i) Retained Earnings (Surplus in Statement of Profit and Loss) Balance as at the beginning of the year (912.40) (689.24) Add: Current year profit 287.88 (223.16) Transferred from Debenture Redemption Reserve Pursuant to business combination Less: Transferred to Debenture Redemption Reserve Other Comprehensive Income arising from remeasurement of defined benefit obligation net of Income Tax Dividend Corporate dividend tax thereon Balance as at the end of the year (624.52) (912.40) (737.54) (899.14)
As at March 31, 2018 As at March 31, 2017 1.20 NON CURRENT BORROWINGS Rs. Lakhs Rs. Lakhs a) Secured Borrowings at Amortised Cost i. Debentures ii. Term Loan from banks 335.44 268.63 b) Unsecured Borrowings at Amortised Cost i. External Commercial Borrowings from banks ii. Interest free sales tax loans iii. Non Convertible Redeemable Preference Shares 335.44 268.63
As at March 31, 2018 As at March 31, 2017 1.21 OTHER NON-CURRENT FINANCIAL LIABILITIES Rs. Lakhs Rs. Lakhs a) Capital Creditors b) Derivatives not designated in hedge accounting relationships c) Derivatives designated in hedge accounting relationships d) Others
As at March 31, 2018 As at March 31, 2017 As at March 31, 2018 1.22 NON-CURRENT PROVISIONS Rs. Lakhs Rs. Lakhs EUR a) Provision for Employee Benefits i. Compensated absences ii. Others including Post retirement benefits b) Provision for product warranties 131.78-163,080.94 131.78-163,080.94 Period of warranty range from xxx months to xxx months Movement in Provision for product warranties is as follows Particulars Opening Net Increase/(Decrease) Closing Mar 2018-131.78 131.78 Mar 2017 -
As at March 31, 2018 As at March 31, 2017 1.23 OTHER NON-CURRENT LIABILITIES Rs. Lakhs Rs. Lakhs Income received in advance
As at March 31, 2018 As at March 31, 2017 1.24 CURRENT FINANCIAL LIABILITIES - BORROWINGS Rs. Lakhs Rs. Lakhs Secured Borrowings at amortised cost Loans from Banks (Includes Cash Credit, Working capital demand loans, Packing credit, etc) Unsecured Borrowings at amortised cost Commercial Papers Short term loans from Banks Loans from related parties
As at March 31, 2018 As at March 31, 2017 1.25 CURRENT FINANCIAL LIABILITIES - TRADE PAYABLES Rs. Lakhs Rs. Lakhs Trade payables - including acceptances i. Micro enterprises and small enterprises ii. Other Trade Payables 3435.27 290.49 3,435.27 290.49
As at March 31, 2018 As at March 31, 2017 1.26 CURRENT FINANCIAL LIABILITIES - OTHERS Rs. Lakhs Rs. Lakhs a) Current maturities of Long-term debts at amortised cost * b) Interest accrued but not due on borrowings 56.90 39.62 c) Unclaimed dividends d) Contribution to Gratuity Fund e) Employee Benefits f) Capital Creditors g) Derivatives not designated in hedge accounting relationships h) Derivatives designated in hedge accounting relationships i) Book Overdraft j) Others 24.22 15.53 81.12 55.15
As at March 31, 2018 As at March 31, 2017 1.27 OTHER CURRENT LIABILITIES Rs. Lakhs Rs. Lakhs a) Income received in advance b) Advance from Customers c) Statutory Liabilities d) Others
As at March 31, 2018 As at March 31, 2017 As at March 31, 2018 1.28 CURRENT - PROVISIONS Rs. Lakhs Rs. Lakhs EUR a) Provision for employee benefits i. Compensated absences ii. Post retirement benefits b) Other Provisions i. Product warranties ii. Others -
As at March 31, 2018 As at March 31, 2017 1.29 CURRENT TAX LIABILITIES (NET) Rs. Lakhs Rs. Lakhs Provision for taxation (net of advance tax)
2.1 REVENUE FROM OPERATIONS Year ended March 31, 2018 Year ended March 31, 2017 Rs. Lakhs Rs. Lakhs a) Sale of products - Commercial Vehicles Manufactured 4,272.29 - Traded 51.43 - - Engines and Gensets - 144.57 - Spare parts and others (A) 4,323.72 144.57 b) Revenue from services (B) c) Other operating revenues - Contract manufacturing - Export Incentives - Scrap sales - Freight Recovery - Others (C) (A+B+C) 4,323.72 144.57 Less: Commission, rebate and discounts - 4,323.72 144.57
2.2 OTHER INCOME Year ended March 31, 2018 Year ended March 31, 2017 Rs. Lakhs Rs. Lakhs a) Interest income from i. Non-current investments ii. Others, including bills discounting b) Dividend income from Non-current investments c) Profit / (loss) on sale of investments - net i. Current investments ii. Non-current investments d) Other non-operating income i. Profit on sale of fixed assets - net ii. Foreign exchange gain - net (9.52) - iii. Net gain/(loss) arising on financial asset mandatorily measured as at FVTPL iv. Others 0.16 0.13 (9.36) 0.13 (9.36) 0.13
2.3 COST OF MATERIALS CONSUMED Year ended March 31, 2018 Year ended March 31, 2017 Rs. Lakhs Rs. Lakhs a) Forgings and castings b) Plates, sheets, bars, steel tubes and angles c) Tyres, tubes and flaps d) Finished and other items 2,733.22 0.47 2,733.22 0.47 Less: Cash discount earned - 2,733.22 0.47
2.4 PURCHASES OF STOCK-IN-TRADE - TRADED GOODS Year ended March 31, 2018 Year ended March 31, 2017 Rs. Lakhs Rs. Lakhs a) Engines b) Commercial Vehicles c) Spare parts and Auto components
2.5 CHANGES IN INVENTORIES OF FINISHED GOODS, WORK-IN- PROGRESS AND STOCK-IN-TRADE Year ended March 31, 2018 Year ended March 31, 2017 Rs. Lakhs Rs. Lakhs a) Changes in Inventories - Work-in-progress - Finished / Traded goods 624.06 92.95 Net change 624.06 92.95 b) Movement in Excise duty content in Finished / Traded goods 624.06 92.95
2.6 EMPLOYEE BENEFITS EXPENSE Year ended March 31, 2018 Year ended March 31, 2017 Rs. Lakhs Rs. Lakhs a) Salaries, wages and bonus 228.23 117.70 b) Contribution to provident, gratuity and other funds 74.70 40.90 c) Welfare expenses 10.84 3.70 d) Employee Stock Option Expenses - 313.77 162.29 Less: Employee expenses capitalised Refer note xxx on ESOP 313.77 162.29
2.7 FINANCE COSTS Year ended March 31, 2018 Year ended March 31, 2017 Rs. Lakhs Rs. Lakhs a) Interest Expense 15.62 13.16 b) Other borrowing costs 1.79-17.40 13.16
2.8 DEPRECIATION AND AMORTISATION EXPENSE Year ended March 31, 2018 Year ended March 31, 2017 Rs. Lakhs Rs. Lakhs A) Tangible assets (i) Buildings (ii) Plant and equipment 10.37 3.45 (iii) Furniture and fittings 0.21 - (iv) Vehicles and aircrafts (v) Office equipment 9.23 4.45 (vi) Assets given on lease - Buildings - Plant and equipment - Furniture and fittings - Office equipment - Total on Tangible assets (A) 19.81 7.90 B) Intangible assets (i) Computer software - Developed - Acquired 0.10 0.11 (ii) Technical knowhow - Developed - Acquired Total on Intangible assets (B) 0.10 0.11 Total (A + B) 19.91 8.01
2.9 OTHER EXPENSES Year ended March 31, 2018 Year ended March 31, 2017 Rs. Lakhs Rs. Lakhs (a) Consumption of stores and tools 8.28 1.79 (b) Power and fuel 4.57 3.98 (c) Rent 21.50 28.29 (d) Repairs and maintenance - Buildings 3.40 2.29 - Plant and machinery 1.44 - (e) Insurance 12.88 1.71 (f) Rates and taxes, excluding taxes on income 1.12 0.17 (g) Selling and administration expenses (net) 76.11 49.94 (h) Service and product warranties 141.27 - (i) Packing and forwarding charges 47.53 2.81 (j) Annual Maintenance Contracts (k) Research and development (l) Impairment loss allowance, write off on trade receivable/ advances (net) - - 318.12 90.97 Less: Expenses capitalised - 318.12 90.97
2.10 EXCEPTIONAL ITEMS Year ended March 31, 2018 Year ended March 31, 2017 Rs. Lakhs Rs. Lakhs a) Profit/ (loss) on disposal of subsidiary, joint venture, associate b) Impairment loss on investments c) Reversal of impairment loss on investments d) Provision for obligations